GEM said the lineup of transport e2, e4, e6 and light-utility vehicles eS, eL, eL XD, eM1400 feature zero-emissions and are equipped to seat two-to-six people and haul up to 1,450 pounds of payload.

New for 2015, Polaris GEM is launching the eM1400 LSV (pictured) which is street legal on most city streets with posted speed limits of 35 mph or less.

In addition, Polaris said it is launching the M1400 4×2 gas vehicle specifically designed for light-duty commercial utility applications. This vehicle is said to have class leading ride and handling, ground clearance, and payload of 1,400 pounds which is similar to the GEM eM1400 launched late last year.

“We are very excited to add to our portfolio of premium vehicles the eM1400 LSV and the M1400 4×2 which have been specifically designed based on feedback from our dealers and customers,” said Tim Blinkhorn, GEM’s general manager. “The entire Polaris GEM line-up for 2015 enhances our commercial and consumer offering and will build on our momentum.”

Polaris GEM was the fastest growing business at Polaris in 2013 with 50 percent retail growth and the company said it is seeing continued growth in the first half of 2014.

Polaris added these 2015 model-year vehicles are now ready for order through all 260 authorized GEM dealers in North America.

]]>http://www.hybridcars.com/polaris-gem-launching-2015-lineup-of-ev/feed/0GEM EVs Now Financed Through GE Capitalhttp://www.hybridcars.com/gem-evs-now-financed-through-ge-capital/
http://www.hybridcars.com/gem-evs-now-financed-through-ge-capital/#commentsFri, 03 May 2013 04:01:10 +0000http://www.hybridcars.com/?p=58121Global Electric Motorcars’ commercial clients will now be able to finance directly their purchase through GE Capital. GE Capital’s Equipment Finance business has signed a three-year agreement to provide financing for commercial purchases of Global Electric Motorcars (GEM). Owned by Polaris Industries Inc., GEM produces electric low-speed vehicles that are typically used by municipalities, hotels, […]

Acquired by Polaris in 2011, GEM has sold more than 46,000 eco-friendly and street legal electric vehicles worldwide.

GE Capital and its predecessors have provided inventory and consumer financing solutions to Polaris for more than 25 years.

“As we continue to strengthen and grow our GEM business within commercial applications, we heard from our dealers and customers that it was important to offer commercial leasing options,” said Tim Blinkhorn, general manager of GEM. “Because of our long-standing relationship with GE Capital, it was a natural decision to turn to them for help.”

Polaris said that for GEM commercial customers, the benefits of financing include better cash management and greater flexibility over time. It’s one more way for dealerships to provide a full-service solution to buyers.

“We’re pleased to expand our relationship with one of the most well-known powersports manufacturers in the world,” said Diane Cooper, leader of GE Capital, Equipment Finance and a GE company officer. “By offering financing for commercial purchasers, Polaris should be able to grow sales of GEM vehicles nationwide.”

]]>Mineapolis’ powersport company Polaris Industries Inc. announced today the acquisition of A.M. Holding S.A.S., which operates under the name Aixam Mega S.A.S.

Axiam Mega, maker of small diesel- and electric-powered vehicles is a privately owned company based in Aix-les-Bains, France which manufactures and sells enclosed on-road quadricycles and light duty commercial vehicles in Europe.

Polaris said the acquisition of Aixam Mega will significantly strengthens the company’s existing small vehicle portfolio, which includes GEM and Goupil vehicles, and enhances the profitability and growth potential of Polaris in the EMEA region.

“Aixam Mega is an excellent fit with Polaris and offers a unique opportunity for us to expand our small vehicle platform and accelerate international growth,” said Scott Wine, Polaris Chairman and CEO. “We are committed to positioning Polaris as a global leader in the growing small vehicle market and this investment reaffirms Polaris’ commitment to building a global business capable of delivering long-term, profitable growth. Consistent with our recently announced plan to build a new manufacturing facility in Opole, Poland, the Aixam Mega business acquisition is indicative of our confidence in EMEA to be a contributor to Polaris’ pursuit of productivity, innovation and growth. ”

Aixam Mega designs, manufactures and sells both passenger and light duty commercial quadricycles under the Aixam and Mega brands.

Aixam Mega’s quadricycles are four-wheeled, on-road enclosed vehicles characterized by their light weight, low speed and ability, in many countries, to be operated without a full automobile driver’s license.

Founded in 1983, the company has a history of strong financial performance and profitable growth, achieving approximately $110 (US) million in sales in 2012 through a distribution network of more than 400 European dealers.

“We’re excited about today’s announcement and the opportunity to work with a leading global company like Polaris,” said Philippe Colançon, Aixam Mega business unit president. “Joining Polaris provides us with technology, expertise and resources to make continued investments in our business, while accelerating profitable growth through new customer opportunities. We look forward not only to what we can learn from Polaris, but what we can contribute to Polaris through our expertise and experience.”

Polaris also said it continues to invest in the global on-road small electric/hybrid powered vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, and internally developed vehicles.